9/22/2006

let's get into the first world league

Our politicians have no problem standing shoulder to shoulder with other world leaders. They are the envy of others and everyone will look up to them as they are worth every ounce in gold.
Can't say this of our corporate hotshots. Our corporate leaders are very under paid compare to the Americans and other MNCs. The top notch Americans are all in the hundreds of millions league. That may be the reason why we can't find one to fill the shoe in Singtel. For the salary we are paying the Singtel top man or woman, we can at best find one probably considered fourth or fifth grade in the American corporate world.
What Singapore should do is to pay all our corporate honchos as high as the Americans. Then we can boast to the world that our corporate top notch executives are in the same class as the Americans. Then also we will be able to pay for top grade Americans to head our local companies.
That is the way to go in a globalised world. We cannot compete with the world if our corporate leaders are being paid pittance. They will not be able to stand shoulder to shoulder with the real American hotshots as their pay will tell that they are not good enough. We want to be in the first league we have to pay the way there.

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